I live in Vegas. I'm seeing a fair number of people losing their jobs in the last week - both before and after the elections. The cuts are coming in groups. 5, 10, 20 or more people at a time.

What's it look like where you are?

(11-08-2012 10:31 AM)Claw Wrote:  I live in Vegas. I'm seeing a fair number of people losing their jobs in the last week - both before and after the elections. The cuts are coming in groups. 5, 10, 20 or more people at a time.

What's it look like where you are?

I saw job cuts earlier in the year. A couple of big layoffs as union contracts were re-negotiated. Not a surprise, but of course hard. More were in bunches of 3-5 (although in some instances that was a big percentage cut). Some of those (highly trained) people are still looking for employment.

I didn't see predicted growth in some instances, although that may have been from corporate leadership's errors.

I am still seeing anxiety about future job cuts. This cuts across a couple of states, not just my own.

With QE3 playing no big role, corporate debt going down, and the fact that the gov't can only drop so many more $1T stimuli, it seems bleak.

Jan will be interesting.

No

Lots of military and civil service in NC. Hard to project until after the begining of the year. Read somewhere that non-agriculture workforce is expected to increase slightly, bringing unemployment arounf 7%, yet those projections were made January of this year.

(11-08-2012 10:42 AM)Mr. Peanut Wrote:  No

Well I suppose if you never had a job, it isn't being eliminated, is it?

My company is eliminating about 120 or so jobs(a whole sector of the company). Not sure when that will happen though. They will be hiring a number of temps in the next month or so for the holiday season but those will go away after Christmas.

(11-08-2012 10:43 AM)DrTorch Wrote:  

(11-08-2012 10:42 AM)Mr. Peanut Wrote:  No

Well I suppose if you never had a job, it isn't being eliminated, is it?

Mine is getting rid of about 6k right now, more to come next year.

Boeing announced thousands of job cuts today. They say it's not because of the sequestration, which if true makes it even worse because if it goes through they'll lay off more.

Isn't Vegas about as bad an example as their is? That's the housing bust more than anything, no? I wouldn't put that place on either party. They built far too fast and the housing collapse came at the worst possible time for them.

As far as we go, just hired another 30 people last week, and a couple hundred on the year now (probably had 400 in the office start the year). Probably lost 30-40 through normal routes so I won't try to argue that it's completely growth related (firings, new job, whatever, but it also hurts to be in the same building as a lot of start ups, lots of opportunity for movement). But none the less, up quite a bit on the whole.

Of course if you want to talk about hiring, I don't know how many people godforesaken groupon hired in the last year but it must be half the city of Chicago. I'm all for growth but I sure as hell miss not being stuck waiting for an elevator behind a hoard of 22 year old just out of college jackasses who can't take the stairs to the fourth floor. /OldCurmudgeonRant.

My father-in-law worked for a defense contracting company, and he was among one of those who were told after the infamous "deadline" that they were cutting his job.. (he got like 17 weeks of pay after his release). They didn't tell him if they were long-planned cuts or due to sequestration issues though, so I can't make any assumptions on that yet.

(11-08-2012 01:10 PM)DaSaintFan Wrote:  My father-in-law worked for a defense contracting company, and he was among one of those who were told after the infamous "deadline" that they were cutting his job.. (he got like 17 weeks of pay after his release). They didn't tell him if they were long-planned cuts or due to sequestration issues though, so I can't make any assumptions on that yet.

To be fair.. if you're a fiscal conservative, you're all for defense cuts. Hard to complain about this. Less government spending, it's what conservatives want. When you're ending two wars, one would expect cuts in defense spending.

We haven't laid off anyone but there aren't nearly as many temps and seasonal workers this year. I think that has more to do with the dying CD and book market though.

(11-08-2012 01:56 PM)HuskieFan84 Wrote:  

(11-08-2012 01:10 PM)DaSaintFan Wrote:  My father-in-law worked for a defense contracting company, and he was among one of those who were told after the infamous "deadline" that they were cutting his job.. (he got like 17 weeks of pay after his release). They didn't tell him if they were long-planned cuts or due to sequestration issues though, so I can't make any assumptions on that yet.

To be fair.. if you're a fiscal conservative, you're all for defense cuts. Hard to complain about this. Less government spending, it's what conservatives want. When you're ending two wars, one would expect cuts in defense spending.

Huskie.. not complaining about the cuts.. it was about the timing of the cuts. My F-i-L suspected the cuts were coming, and was already looking, but they were expecting some warning at the "standard" deadline, not at the last minute.

Dana had a list of "twitchy" items (Didn't catch the listing location) about a lot of small businesses who have said they're cutting anywhere from 14 to 25 or 26 jobs/per company just to get below the 100 threshold for Obamacare.

(11-08-2012 11:22 AM)RobertN Wrote:  My company is eliminating about 120 or so jobs(a whole sector of the company). Not sure when that will happen though. They will be hiring a number of temps in the next month or so for the holiday season but those will go away after Christmas.

Will you be OK, or don't you know yet?

23 feet.

(11-08-2012 11:36 AM)HuskieFan84 Wrote:  Isn't Vegas about as bad an example as their is? That's the housing bust more than anything, no? I wouldn't put that place on either party. They built far too fast and the housing collapse came at the worst possible time for them.

As far as we go, just hired another 30 people last week, and a couple hundred on the year now (probably had 400 in the office start the year). Probably lost 30-40 through normal routes so I won't try to argue that it's completely growth related (firings, new job, whatever, but it also hurts to be in the same building as a lot of start ups, lots of opportunity for movement). But none the less, up quite a bit on the whole.

Of course if you want to talk about hiring, I don't know how many people godforesaken groupon hired in the last year but it must be half the city of Chicago. I'm all for growth but I sure as hell miss not being stuck waiting for an elevator behind a hoard of 22 year old just out of college jackasses who can't take the stairs to the fourth floor. /OldCurmudgeonRant.

Ha, seems my curmudgeon rant was well timed. Groupon is getting rid of 80 people. Although.. calling it layoffs is a bit odd, it was part of a planned process to automate things, but the fact they overhired in the first place is also not really impressive either. Just don't think calling it a layoff is probably the right wording.

(11-08-2012 02:46 PM)BeliefBlazer Wrote:  We haven't laid off anyone but there aren't nearly as many temps and seasonal workers this year. I think that has more to do with the dying CD and book market though.

I had read a lot of people we're transitioning to temp workers over full time employees. Not just because of health care, but because the 20 somethings preferred the flexibility, and with people being more proficient with basic computer programs like excel / powerpoint / etc.. the training costs had gone down to make it work for both sides.

(11-08-2012 10:06 PM)HuskieFan84 Wrote:  

(11-08-2012 02:46 PM)BeliefBlazer Wrote:  We haven't laid off anyone but there aren't nearly as many temps and seasonal workers this year. I think that has more to do with the dying CD and book market though.

I had read a lot of people we're transitioning to temp workers over full time employees. Not just because of health care, but because the 20 somethings preferred the flexibility, and with people being more proficient with basic computer programs like excel / powerpoint / etc.. the training costs had gone down to make it work for both sides.

Yeah, damn old people can't do ****.

My neighbor lost his job about two weeks ago in a mass layoff.

(11-08-2012 01:56 PM)HuskieFan84 Wrote:  

(11-08-2012 01:10 PM)DaSaintFan Wrote:  My father-in-law worked for a defense contracting company, and he was among one of those who were told after the infamous "deadline" that they were cutting his job.. (he got like 17 weeks of pay after his release). They didn't tell him if they were long-planned cuts or due to sequestration issues though, so I can't make any assumptions on that yet.

To be fair.. if you're a fiscal conservative, you're all for defense cuts. Hard to complain about this. Less government spending, it's what conservatives want. When you're ending two wars, one would expect cuts in defense spending.

Correct .... I'd like to cut the government in half. Every department should lose 50% of its funding. Some departments (energy, education, etc.) should just be dismantled entirely.

But it won't happen. Government is like cancer; left untreated, it grows exponentially and swallows up everything in its path.

(11-08-2012 11:36 AM)HuskieFan84 Wrote:  Isn't Vegas about as bad an example as their is? That's the housing bust more than anything, no? I wouldn't put that place on either party. They built far too fast and the housing collapse came at the worst possible time for them.

As far as we go, just hired another 30 people last week, and a couple hundred on the year now (probably had 400 in the office start the year). Probably lost 30-40 through normal routes so I won't try to argue that it's completely growth related (firings, new job, whatever, but it also hurts to be in the same building as a lot of start ups, lots of opportunity for movement). But none the less, up quite a bit on the whole.

Of course if you want to talk about hiring, I don't know how many people godforesaken groupon hired in the last year but it must be half the city of Chicago. I'm all for growth but I sure as hell miss not being stuck waiting for an elevator behind a hoard of 22 year old just out of college jackasses who can't take the stairs to the fourth floor. /OldCurmudgeonRant.

Vegas has been recovering. This new round of job loss is a reversal in trend. Gaming revenues are up a few percentage points over last year. Business is better than it has been in several years, but employers are cutting staff left and right.